Small Business Shared Interest Group

🚀 Top-10 Publication of 2023 Alert! 🚀

We’re thrilled to spotlight a standout piece by Dana Riess, CMA, CFM, CSCP, CPIM, in our top-10 articles of 2023! 🌟 Dana’s in-depth analysis in her article "Small Business vs. IP Trolls" is a must-read for anyone navigating the complex world of intellectual property.

Protecting Your Small Business from IP Trolls: What You Need to Know 🛡️💡

Intellectual Property (IP)—which includes trademarks, patents, and copyrights—refers to creations of the mind such as inventions, designs, and brand identifiers. IP trolls can be a significant threat to small businesses, impacting both innovation and the bottom line. As the digital landscape evolves, it's crucial for businesses to understand how to safeguard their intellectual property from opportunistic entities. Here’s a sneak peek into how these trolls operate and what you can do to protect your business:

🔍 What the heck are IP Trolls?

• IP trolls acquire trademarks or patents not to use them but to profit from licensing or litigation.
• They exploit loopholes in IP laws to impose costly legal battles on small businesses.

💼 Pay attention-->

• Small businesses are often targeted because they lack the resources to fight lengthy legal disputes.
• The rising trend of IP trolling can stifle innovation and increase operational costs.

🌍 Fight Trolls-->

• Consider global IP protection, especially in first-to-file countries.
• Monitor and research IP rights to avoid infringement and potential trolling.

Curious about more strategies to protect your business? Dive into the full article for a detailed guide on defending against IP trolls and ensuring your innovations remain secure. Read more 📚✨

👉 Small Business vs. IP Trolls | IMA (sfmagazine.com)